Business Ethics in the Indian Context
Ethics reflects a society’s notions about the rightness or wrongness of an act. Ethics also involves the evaluation and application of certain moral values that a society or culture has come to accept as its norms. It is generally described as a set of principles or moral conduct. Business ethics, therefore, is a sum total of principles and code of conduct businessmen are expected to follow in their dealings with their fellowmen such as stockholders, employees, customers, and creditors and comply with the laws of the land enacted to protect all these stakeholders.
The word ethics is derived from the Greek word ethikos meaning custom or character. The Concise Oxford Dictionary defines ethics ...